The following text is an extract from the Ginko website.
"Please be aware, your withdrawal limit will show as L$0 if there isn't enough available to withdraw. Alternately, it will show you how much you can withdraw given the current reserve available, up to L$5,000 per day. This is a temporary implementation."
Not enough available to withdraw ?
How bad is that ? Ok, they give you tons of warnings when you open your account, and they state there are no guarantees, and so on. Anyway, that sounds bad, especially as this morning, the ATM said my limit is zero !
The website also mentions robots being used to withdraw, which is illegal. But if people was their money back so madly, that's not exactly good sign.
To be able to follow the story, here are present values from the Ginko statistics:
Total in savings deposits: L$154,962,383
Total in term deposits: L$35,223,381
Accounts created in the last 7 days: 322
We will see in the next days if there will be a Ginko collapse or if they will survive. So a few questions to you now. Do you think Ginko will go bankrupt ? Do you use them, and if yes, what is your plan ? Withdraw as much as you can, or do you maintain your trust ?
Showing posts with label withdraw. Show all posts
Showing posts with label withdraw. Show all posts
Thursday, August 2, 2007
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